Annual report 2020

Aliaxis is a global leader in advanced piping systems for applications across four key segments – building, infrastructure, industry and agriculture. We provide solutions that help make clean water, sanitation and energy accessible to communities across the globe.

Aliaxis at a glance

Our highlights

COVID-19
response

From the beginning of the COVID-19 crisis, keeping people safe has been our top priority.

Strengthened
Leadership team

With the arrival of Eric Olsen as CEO and a more operational ExCom, we are ready to embark on the next phase of our growth journey.

Business
updates

We successfully integrated Silver-Line Plastics this year, while divesting non-core activities, including Harrington, our US distributor.

Preparing for growth

Despite the challenges from the pandemic, our performance in 2020 demonstrated our resilience and underlying potential. Building on our solid foundations, we are ready to start a new chapter focused on generating profitable growth.

Message to shareholders

south_east-21%

fewer safety
incidents

north_east+1.6%

€ 2.9 billion
revenue
on a like-for-like basis*

north_east+11.3%

€ 461 million
current EBITDA
on a like-for-like basis*

south_east-43.2%

€ 438 million
net financial debt

* 2019 and 2020 adjusted to exclude impact of divestments. 2019 adjusted on a pro-forma basis to reflect the full year impact of the acquisition of Silver-Line Plastics in November 2019. Impact of FX excluded to reflect underlying performance at constant exchange rate.

Going the extra mile for customers

Across the globe, our teams in production, supply chain and support functions have all gone the extra mile for our customers.

Going the extra mile

Clean water in Bagaces, Costa Rica

17,000 people from this community are now benefiting from access to clean water thanks to a major 25-kilometre pipeline project we have worked on.

Emergency response to a leaking gas pipe in the UK

We delivered 144 metres of polyethylene (PE) piping in less than 24 hours, allowing Scotia Gas Networks to maintain the flow of gas to 4,000+ homes in Kent.

Taking the next step in sustainability

In a year dominated by COVID-19, we continued to take positive and sustainable actions, starting with safety, our top priority.

Sustainability in 2020

9.8

number of reportable incidents

per million hours worked (2019: 10.8)

13.2%

improvement in water efficiency

1,100+

families
supported

through water management projects in partnership with the Selavip Foundation

Performance

After the initial hit from COVID-19 in early 2020, we saw heterogeneous recovery in the second half of the year. The Group ended the year in a solid financial position.

Performance

An innovation for safe drinking water

Our Pure water storage tank uses nano silver technology, which helps ensure water remains safe for consumption, whatever the storage conditions or heat exposure in India.

Equipped for recycling

In Australia, we are investing in the right equipment to increase the use of external recyclate in some of our products, while maintaining the high quality and long service life our customers expect.